______ is the price of goods or products when they are sold to customers for consumption and not for resale
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The price is known as the retail price
Explanation:
- There are two types of prices when it comes to the sale of products.
- One of the prices is known as the retail price. It is the price at which the product is sold to the customers for consumption purposes. It usually includes the profit margin of the seller plus the wholesale price.
- Whole sale price is the one at which sellers get the products for sale purposes. It is less than the retail price.
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